Senate Bill S6476A

2015-2016 Legislative Session

Requires the public service commission and NYSERDA to implement a low carbon portfolio standard; creates zero carbon emission investment program and fund

download bill text pdf

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 29, 2016	print number 6476a
Jan 29, 2016	amend and recommit to energy and telecommunications
Jan 19, 2016	referred to energy and telecommunications

Bill Amendments

Original

A (Active)

2015-S6476 - Details

Current Committee:: Senate Energy And Telecommunications
Law Section:: Public Authorities Law
Laws Affected:: Add Art 8 Title 9-B §§1900 - 1905, Pub Auth L; add §99-y, St Fin L

2015-S6476 - Summary

Requires the public service commission and NYSERDA to implement a low carbon portfolio standard; creates zero carbon emission investment program and fund.

2015-S6476 - Sponsor Memo

                                 BILL NUMBER:  S6476

 TITLE OF BILL :

An act to require the public service commission and the New York state
energy research and development authority to implement a low carbon
portfolio standard; and to amend the public authorities law and the
state finance law, in relation to creating the zero carbon emission
investment program and zero carbon emission investment program fund

 PURPOSE :

To direct the Public Service Commission to replace the Renewable
Portfolio Standard with a Low Carbon Portfolio Standard, and would
create the Zero Carbon Emission Investment Program administered by the
new York State Energy Research and Development Authority (NYSERDA)
with a goal of reducing carbon emissions

 SUMMARY OF SPECIFIC PROVISIONS :

Section 1 directs the Public Service Commission to establish
parameters for the creation of a low carbon portfolio standard in New
York State to replace the renewable portfolio standard.

Section 2 requires NYSERDA to act as the central procurement agency to
promote low carbon emissions energy development in the state.

Section 3 creates the Low Carbon Portfolio Standard to replace the
Renewable Portfolio Standard.

Section 4 amends Article 8 of the Public Authorities Law by adding a
new title creating the Zero Carbon Emission Investment Program. This
section also provides the definitions for the Zero Carbon Emission
Investment Program, authorizes NYSERDA to establish, calculate, and
issue the program to provide awards for zero carbon emitters for their
avoidance of carbon emission although capital funding from the
Regional Greenhouse Gas Initiative, and requires NYSERDA to submit an
annual report to the Governor and Legislature describing the
authority's activities related to the Zero Carbon Emission Investment
Program.

Section 5 amends the State Finance Law and establishes the Zero Carbon
Emission Investment Program Fund n the joint custody of the
Comptroller and the Commissioner of Taxation and Finance.

Section 6 is the effective date.

 EXISTING LAW :

Article 8 of the Public Authorities Law relates to miscellaneous
authorities. Currently, there is not a Zero Carbon Emission Program
enacted.

Article 6 of the State Finance Law relates to the funds of the state.
Currently, there is not a Zero Carbon Emission Investment Program
Fund.

 JUSTIFICATION :

Currently, state programming, like the Regional Greenhouse Gas
Initiative and the Renewable Portfolio Standard, places a great
emphasis on the use of renewable technologies to reduce carbon
emissions in our state. However, these programs should also support
the use of other low carbon emitting sources of electricity. This bill
ensures that markets for low carbon electricity producers are
supported to reduce carbon emissions. This legislation further
encourages facilities' consciousness of reducing greenhouse gas
emissions by awarding funds to zero carbon emitters. This incentive is
essential for the health of our environment, as the reduction of
greenhouse gas emissions is crucial to addressing climate change.

 PRIOR LEGISLATIVE HISTORY :

New bill.

 FISCAL IMPLICATIONS :

To be determined.

 EFFECTIVE DATE :
This act will shall take effect immediately.

2015-S6476 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6476

                            I N  S E N A T E

                            January 19, 2016
                               ___________

Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
  printed to be committed to the Committee on  Energy  and  Telecommuni-
  cations

AN  ACT  to require the public service commission and the New York state
  energy research and development authority to implement  a  low  carbon
  portfolio  standard;  and  to amend the public authorities law and the
  state finance law, in relation to creating the  zero  carbon  emission
  investment program and zero carbon emission investment program fund

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The public service commission, hereafter referred to as the
commission, is hereby directed to establish parameters for the  creation
of a low carbon portfolio standard in New York state, and to replace the
renewable  portfolio  standard  with  the  newly  created  standard. The
commission will consider new targets for the purchase of low  carbon-em-
itting  electricity sources, including no less than ten percent of elec-
tricity derived from nuclear generating facilities.
  S 2. The New York state energy  research  and  development  authority,
hereafter  referred  to  as  the  authority,  shall  act  as the central
procurement agency to promote low carbon emissions energy development in
the state. The authority shall provide incentives for low carbon  gener-
ation;  and shall hold all rights and claims to low carbon attributes of
electricity generated to meet the state's low carbon goals.
  S 3. The renewable portfolio standard charge shall now be referred  to
as  the low carbon portfolio standard charge. The authority shall manage
any funds gathered through such surcharge on each kilowatt-hour sold  by
the  state's investor-owned utilities. The surcharge shall be kept sepa-
rate from any other state funds. Any customers exempt from  contributing
to  the  SBC  are  also  exempt  from  the low carbon portfolio standard
charge.
  S 4. Article 8 of the public authorities law is amended  by  adding  a
new title 9-B to read as follows:
                                TITLE 9-B
                 ZERO CARBON EMISSION INVESTMENT PROGRAM

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

                                                           LBD13260-04-6

S. 6476                             2

SECTION 1900. SHORT TITLE.
        1901. DEFINITIONS.
        1902. ADMINISTRATION BY THE AUTHORITY.
        1903. CALCULATION OF AWARDS.
        1904. ANNUAL REPORTING.
        1905. FUNDS ADMINISTRATION.
  S 1900. SHORT TITLE. THIS TITLE SHALL BE KNOWN AND MAY BE CITED AS THE
"ZERO CARBON EMISSION INVESTMENT PROGRAM".
  S  1901. DEFINITIONS. AS USED IN THIS TITLE, THE FOLLOWING TERMS SHALL
HAVE THE FOLLOWING MEANINGS:
  1. "AVOIDED EMISSIONS" MEANS THE ESTIMATE OF CO2 EMISSIONS, AS  CALCU-
LATED  BY  THE AUTHORITY, THAT WOULD HAVE BEEN RELEASED IF A ZERO CARBON
EMITTER HAD NOT EXISTED.
  2. "AUTHORITY" SHALL HAVE THE SAME MEANING AS IN  SUBDIVISION  TWO  OF
SECTION EIGHTEEN HUNDRED FIFTY-ONE OF THIS ARTICLE.
  3.  "ZERO  CARBON EMITTER" MEANS A FACILITY THAT USES ATOMIC ENERGY TO
GENERATE ELECTRICITY.
  4. "ATOMIC ENERGY" MEANS ALL FORMS OF ENERGY RELEASED IN THE COURSE OF
NUCLEAR FISSION OR NUCLEAR TRANSFORMATION.
  5. "CLEARING PRICE" MEANS THE AVERAGE OF THE QUARTERLY REGIONAL GREEN-
HOUSE GAS INITIATIVE AUCTION CLEARING PRICES FOR THE CURRENT YEAR.
  S 1902. ADMINISTRATION BY THE AUTHORITY.  WITHIN  SIX  MONTHS  OF  THE
EFFECTIVE  DATE  OF  THIS  TITLE, THE AUTHORITY IS HEREBY AUTHORIZED AND
DIRECTED TO ESTABLISH AND ADMINISTER THE ZERO CARBON EMISSION INVESTMENT
PROGRAM. THE AUTHORITY SHALL IMPLEMENT THE PROGRAM IN CONSULTATION  WITH
THE  DEPARTMENT  OF  PUBLIC SERVICE, THE POWER AUTHORITY OF THE STATE OF
NEW YORK, AND THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION. THE AUTHORI-
TY IS AUTHORIZED AND DIRECTED TO:
  1. USE MONIES MADE AVAILABLE FOR THE PROGRAM PURSUANT TO SECTION NINE-
TEEN HUNDRED FIVE OF THIS TITLE TO ACHIEVE THE PURPOSES OF THE  PROGRAM,
SPECIFICALLY TO AWARD ZERO CARBON EMITTERS FOR AVOIDED EMISSIONS;
  2. ENSURE MONIES ARE MADE AVAILABLE TO QUALIFYING ZERO CARBON EMITTERS
NO  LESS THAN SIXTY DAYS AFTER THE FINAL QUARTERLY AUCTION OF THAT YEAR;
AND
  3. EXERCISE SUCH OTHER POWERS AS ARE NECESSARY FOR THE PROPER ADMINIS-
TRATION OF THE PROGRAM.
  S 1903. CALCULATION OF AWARDS. THE AUTHORITY SHALL CALCULATE AND ISSUE
AN AWARD TO EACH ZERO  CARBON  EMITTER  IN  THE  FOLLOWING  MANNER:  THE
AUTHORITY  SHALL TAKE THE AVERAGE OF THE FOUR QUARTERLY AUCTION CLEARING
PRICES OF THE MOST RECENT YEAR MULTIPLIED BY FIFTY PERCENT OF  THE  ZERO
CARBON EMITTER'S AVOIDED EMISSIONS TO DETERMINE SUCH AWARD. THE AUTHORI-
TY SHALL CALCULATE THE ANNUAL AVOIDED EMISSIONS FOR EACH FACILITY.
  S  1904.  ANNUAL  REPORTING. NO LATER THAN OCTOBER FIRST, TWO THOUSAND
SEVENTEEN AND OCTOBER FIRST OF EACH YEAR THEREAFTER,  THE  PRESIDENT  OF
THE  AUTHORITY  SHALL ISSUE AN ANNUAL REPORT TO THE GOVERNOR, THE TEMPO-
RARY PRESIDENT OF THE SENATE, THE SPEAKER OF THE ASSEMBLY, THE  MINORITY
LEADER  OF THE SENATE AND THE MINORITY LEADER OF THE ASSEMBLY CONCERNING
THE AUTHORITY'S ACTIVITIES RELATED TO THE ZERO CARBON  EMISSION  INVEST-
MENT PROGRAM CREATED PURSUANT TO THIS TITLE.
  S 1905. FUNDS ADMINISTRATION. THE AUTHORITY SHALL ENSURE THAT NOT LESS
THAN  THE TOTAL AWARDS ISSUED TO QUALIFYING ZERO CARBON EMITTERS IS MADE
AVAILABLE FOR THE PURPOSE OF FUNDING THE ZERO CARBON EMISSION INVESTMENT
PROGRAM. THE ZERO CARBON EMISSION INVESTMENT  PROGRAM  FUND  ESTABLISHED
PURSUANT TO SECTION NINETY-NINE-Y OF THE STATE FINANCE LAW SHALL CONSIST
OF  MONIES  COLLECTED BY AUCTIONS ADMINISTERED UNDER THE REGIONAL GREEN-
HOUSE GAS INITIATIVE.

S. 6476                             3

  S 5. The state finance law is amended by adding a new section 99-y  to
read as follows:
  S  99-Y.  ZERO  CARBON  EMISSION  INVESTMENT PROGRAM FUND. 1. THERE IS
HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE
COMMISSIONER OF TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN  AS  THE
"ZERO  CARBON EMISSION INVESTMENT PROGRAM FUND". THE MONIES IN SUCH FUND
SHALL BE AVAILABLE  FOR  THE  ZERO-CARBON  EMISSION  INVESTMENT  PROGRAM
PURSUANT TO TITLE NINE-B OF ARTICLE EIGHT OF THE PUBLIC AUTHORITIES LAW.
  2. MONIES IN THE ZERO CARBON EMISSION INVESTMENT PROGRAM FUND SHALL BE
KEPT  SEPARATELY  FROM AND SHALL NOT BE COMMINGLED WITH ANY OTHER MONIES
IN THE JOINT OR SOLE CUSTODY OF THE STATE COMPTROLLER OR THE COMMISSION-
ER OF TAXATION AND FINANCE. ANY INTEREST RECEIVED BY THE COMPTROLLER  ON
MONEYS  DEPOSITED  IN  THE  ZERO CARBON EMISSION INVESTMENT PROGRAM FUND
SHALL BE RETAINED IN AND BECOME A PART OF SUCH FUND.
  S 6. This act shall take effect immediately.

2015-S6476A (ACTIVE) - Details

Current Committee:: Senate Energy And Telecommunications
Law Section:: Public Authorities Law
Laws Affected:: Add Art 8 Title 9-B §§1900 - 1905, Pub Auth L; add §99-y, St Fin L

2015-S6476A (ACTIVE) - Summary

Requires the public service commission and NYSERDA to implement a low carbon portfolio standard; creates zero carbon emission investment program and fund.

2015-S6476A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S6476A

 TITLE OF BILL :  An act to require the public service commission and
the New York state energy research and development authority to
implement a low carbon portfolio standard; and to amend the public
authorities law and the state finance law, in relation to creating the
zero carbon emission investment program and zero carbon emission
investment program fund

 PURPOSE :

To direct the Public Service Commission to replace the Renewable
Portfolio Standard with a Low Carbon Portfolio Standard, and would
create the Zero Carbon Emission Investment Program administered by the
new York State Energy Research and Development Authority (NYSERDA)
with a goal of reducing carbon emissions

 SUMMARY OF SPECIFIC PROVISIONS :

Section 1 directs the Public Service Commission to establish
parameters for the creation of a low carbon portfolio standard in New
York State to replace the renewable portfolio standard.

Section 2 requires NYSERDA to act as the central procurement agency to
promote low carbon emissions energy development in the state.

Section 3 creates the Low Carbon Portfolio Standard to replace the
Renewable Portfolio Standard.

Section 4 amends Article 8 of the Public Authorities Law by adding a
new title creating the Zero Carbon Emission Investment Program. This
section also provides the definitions for the Zero Carbon Emission
Investment Program, authorizes NYSERDA to establish, calculate, and
issue the program to provide awards for zero carbon emitters for their
avoidance of carbon emission although capital funding from the
Regional Greenhouse Gas Initiative, and requires NYSERDA to submit an
annual report to the Governor and Legislature describing the
authority's activities related to the, Zero Carbon Emission Investment
Program.

Section 5 amends the State Finance Law and establishes the Zero Carbon
Emission Investment Program Fund n the joint custody of the
Comptroller and the Commissioner of Taxation and Finance.

Section 6 is the effective date.

 EXISTING LAW :

Article 8 of the Public Authorities Law relates to miscellaneous
authorities. Currently, there is not a Zero Carbon Emission Program
enacted.

Article 6 of the State Finance Law relates to the funds of the state.
Currently, there is not a Zero Carbon Emission Investment Program
Fund.

 JUSTIFICATION :

Currently, state programming, like the Regional Greenhouse Gas
Initiative and the Renewable Portfolio Standard, places a great
emphasis on the use of renewable technologies to reduce carbon
emissions in our state. However, these programs should also support
the use of other low carbon emitting sources of electricity. This bill
ensures that markets for low carbon electricity producers are
supported to reduce carbon emissions. This legislation further
encourages facilities' consciousness of reducing greenhouse gas
emissions by awarding funds to zero carbon emitters. This incentive is
essential for the health of our environment, as the reduction of
greenhouse gas emissions is crucial to addressing climate change.

 PRIOR LEGISLATIVE HISTORY :

New bill.

 FISCAL IMPLICATIONS :

To be determined.

 EFFECTIVE DATE :
This act will shall take effect immediately.

2015-S6476A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6476--A

                            I N  S E N A T E

                            January 19, 2016
                               ___________

Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
  printed to be committed to the Committee on  Energy  and  Telecommuni-
  cations  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to require the public service commission and the New  York  state
  energy  research  and  development authority to implement a low carbon
  portfolio standard; and to amend the public authorities  law  and  the
  state  finance  law,  in relation to creating the zero carbon emission
  investment program and zero carbon emission investment program fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The public service commission, hereafter referred to as the
commission,  is hereby directed to establish parameters for the creation
of a low carbon portfolio standard in New York state, and to replace the
renewable portfolio  standard  with  the  newly  created  standard.  The
commission  will consider new targets for the purchase of low carbon-em-
itting electricity sources, including no less than seventeen percent  of
electricity derived from nuclear generating facilities.
  S  2.  The  New  York state energy research and development authority,
hereafter referred to  as  the  authority,  shall  act  as  the  central
procurement agency to promote low carbon emissions energy development in
the  state. The authority shall provide incentives for low carbon gener-
ation; and shall hold all rights and claims to low carbon attributes  of
electricity generated to meet the state's low carbon goals.
  S  3. The renewable portfolio standard charge shall now be referred to
as the low carbon portfolio standard charge. The authority shall  manage
any  funds gathered through such surcharge on each kilowatt-hour sold by
the state's investor-owned utilities. The surcharge shall be kept  sepa-
rate  from any other state funds. Any customers exempt from contributing
to the SBC are also  exempt  from  the  low  carbon  portfolio  standard
charge.
  S  4.  Article  8 of the public authorities law is amended by adding a
new title 9-B to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13260-05-6

S. 6476--A                          2

                                TITLE 9-B
                 ZERO CARBON EMISSION INVESTMENT PROGRAM
SECTION 1900. SHORT TITLE.
        1901. DEFINITIONS.
        1902. ADMINISTRATION BY THE AUTHORITY.
        1903. CALCULATION OF AWARDS.
        1904. ANNUAL REPORTING.
        1905. FUNDS ADMINISTRATION.
  S 1900. SHORT TITLE. THIS TITLE SHALL BE KNOWN AND MAY BE CITED AS THE
"ZERO CARBON EMISSION INVESTMENT PROGRAM".
  S  1901. DEFINITIONS. AS USED IN THIS TITLE, THE FOLLOWING TERMS SHALL
HAVE THE FOLLOWING MEANINGS:
  1. "AVOIDED EMISSIONS" MEANS THE ESTIMATE OF CO2 EMISSIONS, AS  CALCU-
LATED  BY  THE AUTHORITY, THAT WOULD HAVE BEEN RELEASED IF A ZERO CARBON
EMITTER HAD NOT EXISTED.
  2. "AUTHORITY" SHALL HAVE THE SAME MEANING AS IN  SUBDIVISION  TWO  OF
SECTION EIGHTEEN HUNDRED FIFTY-ONE OF THIS ARTICLE.
  3.  "ZERO  CARBON EMITTER" MEANS A FACILITY THAT USES ATOMIC ENERGY TO
GENERATE ELECTRICITY.
  4. "ATOMIC ENERGY" MEANS ALL FORMS OF ENERGY RELEASED IN THE COURSE OF
NUCLEAR FISSION OR NUCLEAR TRANSFORMATION.
  5. "CLEARING PRICE" MEANS THE AVERAGE OF THE QUARTERLY REGIONAL GREEN-
HOUSE GAS INITIATIVE AUCTION CLEARING PRICES FOR THE CURRENT YEAR.
  S 1902. ADMINISTRATION BY THE AUTHORITY.  WITHIN  SIX  MONTHS  OF  THE
EFFECTIVE  DATE  OF  THIS  TITLE, THE AUTHORITY IS HEREBY AUTHORIZED AND
DIRECTED TO ESTABLISH AND ADMINISTER THE ZERO CARBON EMISSION INVESTMENT
PROGRAM. THE AUTHORITY SHALL IMPLEMENT THE PROGRAM IN CONSULTATION  WITH
THE  DEPARTMENT  OF  PUBLIC SERVICE, THE POWER AUTHORITY OF THE STATE OF
NEW YORK, AND THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION. THE AUTHORI-
TY IS AUTHORIZED AND DIRECTED TO:
  1. USE MONIES MADE AVAILABLE FOR THE PROGRAM PURSUANT TO SECTION NINE-
TEEN HUNDRED FIVE OF THIS TITLE TO ACHIEVE THE PURPOSES OF THE  PROGRAM,
SPECIFICALLY TO AWARD ZERO CARBON EMITTERS FOR AVOIDED EMISSIONS;
  2. ENSURE MONIES ARE MADE AVAILABLE TO QUALIFYING ZERO CARBON EMITTERS
NO  LESS THAN SIXTY DAYS AFTER THE FINAL QUARTERLY AUCTION OF THAT YEAR;
AND
  3. EXERCISE SUCH OTHER POWERS AS ARE NECESSARY FOR THE PROPER ADMINIS-
TRATION OF THE PROGRAM.
  S 1903. CALCULATION OF AWARDS. THE AUTHORITY SHALL CALCULATE AND ISSUE
AN AWARD TO EACH ZERO  CARBON  EMITTER  IN  THE  FOLLOWING  MANNER:  THE
AUTHORITY  SHALL TAKE THE AVERAGE OF THE FOUR QUARTERLY AUCTION CLEARING
PRICES OF THE MOST RECENT YEAR MULTIPLIED BY FIFTY PERCENT OF  THE  ZERO
CARBON EMITTER'S AVOIDED EMISSIONS TO DETERMINE SUCH AWARD. THE AUTHORI-
TY SHALL CALCULATE THE ANNUAL AVOIDED EMISSIONS FOR EACH FACILITY.
  S  1904.  ANNUAL  REPORTING. NO LATER THAN OCTOBER FIRST, TWO THOUSAND
SEVENTEEN AND OCTOBER FIRST OF EACH YEAR THEREAFTER,  THE  PRESIDENT  OF
THE  AUTHORITY  SHALL ISSUE AN ANNUAL REPORT TO THE GOVERNOR, THE TEMPO-
RARY PRESIDENT OF THE SENATE, THE SPEAKER OF THE ASSEMBLY, THE  MINORITY
LEADER  OF THE SENATE AND THE MINORITY LEADER OF THE ASSEMBLY CONCERNING
THE AUTHORITY'S ACTIVITIES RELATED TO THE ZERO CARBON  EMISSION  INVEST-
MENT PROGRAM CREATED PURSUANT TO THIS TITLE.
  S 1905. FUNDS ADMINISTRATION. THE AUTHORITY SHALL ENSURE THAT NOT LESS
THAN  THE TOTAL AWARDS ISSUED TO QUALIFYING ZERO CARBON EMITTERS IS MADE
AVAILABLE FOR THE PURPOSE OF FUNDING THE ZERO CARBON EMISSION INVESTMENT
PROGRAM. THE ZERO CARBON EMISSION INVESTMENT  PROGRAM  FUND  ESTABLISHED
PURSUANT TO SECTION NINETY-NINE-Y OF THE STATE FINANCE LAW SHALL CONSIST

S. 6476--A                          3

OF  MONIES  COLLECTED BY AUCTIONS ADMINISTERED UNDER THE REGIONAL GREEN-
HOUSE GAS INITIATIVE.
  S  5. The state finance law is amended by adding a new section 99-y to
read as follows:
  S 99-Y. ZERO CARBON EMISSION INVESTMENT  PROGRAM  FUND.  1.  THERE  IS
HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE
COMMISSIONER  OF  TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE
"ZERO CARBON EMISSION INVESTMENT PROGRAM FUND". THE MONIES IN SUCH  FUND
SHALL  BE  AVAILABLE  FOR  THE  ZERO-CARBON  EMISSION INVESTMENT PROGRAM
PURSUANT TO TITLE NINE-B OF ARTICLE EIGHT OF THE PUBLIC AUTHORITIES LAW.
  2. MONIES IN THE ZERO CARBON EMISSION INVESTMENT PROGRAM FUND SHALL BE
KEPT SEPARATELY FROM AND SHALL NOT BE COMMINGLED WITH ANY  OTHER  MONIES
IN THE JOINT OR SOLE CUSTODY OF THE STATE COMPTROLLER OR THE COMMISSION-
ER  OF TAXATION AND FINANCE. ANY INTEREST RECEIVED BY THE COMPTROLLER ON
MONEYS DEPOSITED IN THE ZERO CARBON  EMISSION  INVESTMENT  PROGRAM  FUND
SHALL BE RETAINED IN AND BECOME A PART OF SUCH FUND.
  S 6. This act shall take effect immediately.

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Senate Bill S6476A

Sponsored By

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

Actions

Bill Amendments

2015-S6476 - Details

2015-S6476 - Summary

2015-S6476 - Sponsor Memo

2015-S6476 - Bill Text download pdf

2015-S6476A (ACTIVE) - Details

2015-S6476A (ACTIVE) - Summary

2015-S6476A (ACTIVE) - Sponsor Memo

2015-S6476A (ACTIVE) - Bill Text download pdf

Comments

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Sponsored By

Patty Ritchie

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

Actions

Bill Amendments

2015-S6476 - Details

2015-S6476 - Summary

2015-S6476 - Sponsor Memo

2015-S6476 - Bill Text download pdf

2015-S6476A (ACTIVE) - Details

2015-S6476A (ACTIVE) - Summary

2015-S6476A (ACTIVE) - Sponsor Memo

2015-S6476A (ACTIVE) - Bill Text download pdf

Comments